PSL Limited Annual Report and Financials

PSL Limited Balance Sheet (Rs In Lakhs)

Particulars	2020	2019
ASSET
(1) Non Current Assets
(a) Property, Plant and Equipment	114,406.57	122,684.09
(b) Other Intangible assets	0.04	0.04
(c) Financial Assets
(i) Investments	17,426.73	17,426.73
(ii) Loans	1,808.78	1,982.67
	133,642.12	142,093.53
(2) Current Assets
(a) Inventories	1,630.79	2,619.52
(b) Financial Assets
(i) Trade Receivables	381.38	953.25
(ii) Cash and Cash Equivalents	698.8	619.2
(iii) Loans	9.36	11.45
(c) Other Current Assets	40,151.73	40,803.33
	42,872.05	45,006.75
Total Assets	176,514.17	187,100.28
EQUITY AND LIABILITIES
(1) Equity
(a) Equity Share Capital	12,493.45	12,493.45
(b) Other Equity	-262606.38	-252924.16
	-250112.93	-240430.71
Liabilities
(2) Non Current Liabilities
(a) Financial Liabilities
(i) Borrowings	385,957.92	385,997.69
(ii) Trade Payables	26,355.58	26,355.58
(b) Provisions	1,387.14	1,386.53
	413,700.64	413,739.80
(3) Current Liabilities
(a) Financial Liabilities
(i) Trade Payables
Total outstanding dues of micro enterprises and small enterprises	30.52	39.53
Total outstanding dues of creditors other than micro enterprises and small enterprises	953.81	976.04
(ii) Other Financial Liabilities	28.75	28.75
(b) Other Current Liabilities	11,913.38	12,746.89
	12,926.46	13,791.19
Total Equity and Liabilities	176,514.17	187,100.28

PSL Limited Profit & Loss Statement (Rs In Lakhs)

Particulars	2020	2019
Income
a) Revenue From Operations	6,993.06	8,012.30
b) Other Income	772.3	1,211.23
Total Income	7,765.36	9,223.53
EXPENSES
a) Cost of materials consumed	1,267.84	1,557.16
b) Changes in inventories of finished goods, Stock-in -Trade and work-in-progress	808.64	-433.41
c) Employee benefits expense	3,603.42	3,982.05
d) Finance costs	5.77	14.28
e) Depreciation and amortization expense	8,277.50	9,664.87
f) Other expenses	3,484.47	4,247.08
Total expenses	17,447.63	19,032.03
Loss before exceptional items and tax	-9682.27	-9808.5
Loss before tax	-9682.27	-9808.5
Profit (Loss) for the period from continuing operations	-9682.27	-9808.5
Loss for the period	-9682.27	-9808.5
Total Comprehensive Income for the period	-9682.27	-9808.5
Earnings per equity share (for continuing operation):
(1) Basic	-7.75	-7.86
(2) Diluted	-7.75	-7.86
Earnings per equity share (for discontinued & continuing operations)
(1) Basic	-7.75	-7.86
(2) Diluted	-7.75	-7.86

PSL Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Particulars	2020	2019
CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax for the year	-9682.27	-9808.5
Profit before tax and extraordinary item	-9682.27	-9808.5
Adjusted to Reconcile Profit before tax to net cash flows
Depreciation	8277.5	9664.87
Other Borrowing Cost	5.77	14.28
Interest Received	-23.58	-125.71
Non Operating Income	-340.44	-363.23
Movements in Working Capital
Decrease/(increase) in Inventories	988.73	-552.54
Decrease/(Increase) in Trade Receivables	571.87	-294.55
Decrease/(Increase) in Short Term Loans & Advances	827.58	1654.55
Increase/Decrease in Other Current Liabilities	-864.04	-567.82
Gratuity Provision Written Off	0	110.24
NET CASH FROM OPERATING ACTIVITIES	-238.88	-268.41
CASH FLOW FROM INVESTING ACTIVITIES
Sale Of Property, Plant And Equipment	-	318.62
Interest Received	23.58	125.71
Other Non Operating Income	340.44	363.23
NET CASH USED IN INVESTING ACTIVITIES	364.01	807.56
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds From Long Term Loans And Advances	0	694.7
Repayment Of Long Term Borrowings	0	-1020.62
Other Borrowing Cost	-5.77	-14.28
NET CASH USED IN FINANCING ACTIVITIES	-5.77	-340.2
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS	119.37	198.95
Cash And Cash Equivalents At The Beginning Of The Year	619.2	420.25
Cash And Cash Equivalents At The End Of The Year	698.8	619.2
Balance As Per Statement of Cash Flows	79.6	198.95

Certainly, here is a summary of the Cash Flow Statement for the years 2020 and 2019:

Year 2020:

Cash Flow from Operating Activities:

1. Profit before tax for the year: -9682.27

This is the profit before tax, indicating a loss for the year 2020.

2. Adjusted to Reconcile Profit before tax to net cash flows:

Depreciation: 8277.5

Depreciation is a non-cash expense representing the decrease in the value of assets over time. It is added back to reconcile profit with cash flow.

Other Borrowing Cost: 5.77

This represents additional costs associated with borrowing. It is added back as it is a non-operating expense.

Interest Received: -23.58

Interest received is subtracted as it is a cash inflow, but it 's already included in the profit before tax.

Non-Operating Income: -340.44

Non-operating income is subtracted as it 's included in the profit but doesn 't represent the company 's core business operations.

3. Movements in Working Capital:

Decrease/(increase) in Inventories: 988.73

An increase in inventories is subtracted as it represents cash used in acquiring additional inventory.

Decrease/(Increase) in Trade Receivables: 571.87

An increase in trade receivables is subtracted as it represents cash that has not been collected yet.

Decrease/(Increase) in Short Term Loans & Advances: 827.58

An increase in short-term loans and advances is added as it represents cash received.

Increase/Decrease in Other Current Liabilities: -864.04

A decrease in other current liabilities is added as it represents cash used to settle obligations.

Gratuity Provision Written Off: 0

This entry indicates there was no cash flow impact from gratuity provision write-off.

4. NET CASH FROM OPERATING ACTIVITIES: -238.88

This is the net cash generated from the company 's core business operations.

Cash Flow from Investing Activities:

1. Sale Of Property, Plant And Equipment:

No specific amount mentioned for the sale of property, plant, and equipment.

2. Interest Received: 23.58

This is added as it represents cash received from interest on investments.

3. Other Non Operating Income: 340.44

This is added as it represents cash received from other non-operating activities.

4. NET CASH USED IN INVESTING ACTIVITIES: 364.01

This indicates a net cash outflow due to investing activities.

Cash Flow from Financing Activities:

1. Proceeds From Long Term Loans And Advances: 0

No cash flow impact from proceeds from long-term loans and advances.

2. Repayment Of Long Term Borrowings: 0

No cash flow impact from the repayment of long-term borrowings.

3. Other Borrowing Cost: -5.77

This represents the cost associated with other borrowings, and it is subtracted as it is a cash outflow.

4. NET CASH USED IN FINANCING ACTIVITIES: -5.77

This indicates a net cash outflow due to financing activities.

Net Increase / (Decrease) In Cash and Cash Equivalents: 119.37

Cash and Cash Equivalents:

At The Beginning Of The Year: 619.2

At The End Of The Year: 698.8

Balance As Per Statement of Cash Flows: 79.6

This is the balance as per the statement of cash flows, representing the net cash flow for the year.

Year 2019:

Cash Flow from Operating Activities:

1. Profit before tax for the year: -9808.5

This is the profit before tax, indicating a loss for the year 2019.

2. Adjusted to Reconcile Profit before tax to net cash flows:**

Depreciation: 9664.87

Depreciation is a non-cash expense representing the decrease in the value of assets over time. It is added back to reconcile profit with cash flow.

Other Borrowing Cost: 14.28

This represents additional costs associated with borrowing. It is added back as it is a non-operating expense.

Interest Received: -125.71

Interest received is subtracted as it is a cash inflow, but it 's already included in the profit before tax.

Non-Operating Income: -363.23

Non-operating income is subtracted as it 's included in the profit but doesn 't represent the company 's core business operations.

3. Movements in Working Capital:

Decrease/(increase) in Inventories: -552.54

A decrease in inventories is added as it represents cash released from the reduction in inventory.

Decrease/(Increase) in Trade Receivables: -294.55

A decrease in trade receivables is added as it represents cash received from customers.

Decrease/(Increase) in Short Term Loans & Advances: 1654.55

An increase in short-term loans and advances is subtracted as it represents cash given.

Increase/Decrease in Other Current Liabilities: -567.82

A decrease in other current liabilities is added as it represents cash released from the reduction in liabilities.

Gratuity Provision Written Off: 110.24

This entry indicates cash flow impact from gratuity provision write-off.

4. NET CASH FROM OPERATING ACTIVITIES: -268.41

This is the net cash generated from the company 's core business operations.

Cash Flow from Investing Activities:

1. Sale Of Property, Plant And Equipment: 318.62

This represents cash received from the sale of property, plant, and equipment.

2. Interest Received: 125.71

This is added as it represents cash received from interest on investments.

3. Other Non Operating Income: 363.23

This is added as it represents cash received from other non-operating activities.

4. NET CASH USED IN INVESTING ACTIVITIES: 807.56

This indicates a net cash outflow due to investing activities.

Cash Flow from Financing Activities:

1. Proceeds From Long Term Loans And Advances: 694.7

This represents cash received from long-term loans and advances.

2. Repayment Of Long Term Borrowings: -1020.62

This represents cash used to repay long-term borrowings.

3. Other Borrowing Cost: -14.28

This represents the cost associated with other borrowings, and it is subtracted as it is a cash outflow

4. NET CASH USED IN FINANCING ACTIVITIES: -340.2

This indicates a net cash outflow due to financing activities.

Net Increase / (Decrease) In Cash and Cash Equivalents: 198.95

Cash and Cash Equivalents:

At The Beginning Of The Year: 420.25

At The End Of The Year: 619.2

Balance As Per Statement of Cash Flows: 198.95

This is the balance as per the statement of cash flows, representing the net cash flow for the year.